Understanding Moral Hazards & Liability Exposures
By Krystal Taylor, CAIB, CMGA
Krystal Taylor is an Executive Underwriter at Cansure Underwriting.
1.0 Technical Credit for Level 1, 2, and 3 General Insurance Agents and Salespersons.
To qualify for CE accreditation…
– Read the entire article carefully, including all its sections and content labelled ‘Mandatory’.
– Select the ‘Mark Complete’ button at the end of each section to track your progress.
– Successfully challenge the quiz to demonstrate your learning.
– Select the ‘Completion Certificate’ link to save and download your personalized completion certificate.
Please Note: CE credits from this HyperArticleTM can only be used once towards your CE requirements every three licence periods. For further information on CE regulations, please refer to the Insurance Council of BC’s website.
Overview
This HyperArticle™ will give you a clearer understanding of how moral hazards and liability exposures influence underwriting decisions. You’ll explore what constitutes a moral hazard, why insurers view certain risks as too high to cover, and how liability exposures in everyday scenarios, like home features, recreational activities, or lifestyle factors, can impact coverage. You’ll learn how to recognize warning signs during the application process, better explain underwriting decisions to clients, and help avoid potential gaps in coverage. Whether you’re new to the field or a seasoned professional, this HyperArticle™ will sharpen your ability to assess risks and add more value to your client relationships.
When you’re ready, please go to the first content section…